Business

Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

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Canada to admit 230,000 foreign workers through 2026 programmes

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Geregu Power confirms payment of N40bn bond coupon, principal

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Femi Otedola’s net worth nears $2bn

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Dangote offers East Africa 30% stake in refinery

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CAC to delete inactive companies in 90 days
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CAC to delete inactive companies in 90 days

The Corporate Affairs Commission has issued a notice to more than 91,000 dormant companies, giving them a 90-day grace period to submit all outstanding annual returns or face potential delisting from its registry. According to a statement released on Wednesday and published on the CAC’s website, these companies have failed to file annual returns for […]

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FX spending on foreign education drops to $38.17m in 2024 

Nigerians between January and March 2024 spent $38.17 million on overseas schooling. This was revealed in the quarterly statistical bulletin of the Central Bank of Nigeria for the first quarter of 2024. The amount spent dropped by 83% when compared to the $218.87 million spent during the same period last year. On a quarterly basis, […]

Meta plans fourth AI overhaul in six months
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Meta deactivates 63,000 Nigerian Facebook accounts over ‘sextortion’ scams

The social media giant, Meta has said 63,000 Nigerian Facebook accounts have been deleted for allegedly trying to carry out financial extortion schemes. This was disclosed by Meta in a statement titled ‘Combating Financial Sextortion Scams from Nigeria,’ on Wednesday. This announcement from Meta coincides with the recent Federal Competition and Consumer Protection Commission’s fine […]

Nigerian fintech Risevest moves to acquire Kenyan Hisa
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Nigerian fintech Risevest moves to acquire Kenyan Hisa

Nigerian fintech startup enabling access to global investments and Nigerian stocks, Risevest is currently in negotiations to acquire Hisa, a Kenyan startup facilitating access to US stocks. Should the acquisition proceed, it would mark Risevest’s expansion into the Kenyan market, following its acquisition of Chaka, a digital trading startup, in September 2023. According to sources […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
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FG launch initiative to train 1,000 Nigerians in AI, blockchain

The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence, blockchain, and other cutting-edge technologies. As part of Nigeria’s plan for digital transformation and leadership in Africa, Vice President, Senator Kashim Shettima launched the AI Expertise Blockchain and Technology Training and Outsourcing Initiative on Tuesday in Dutse, the […]

Probe Dangote refinery-NNPC transaction, Ezekwesili tells FG
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DBN becomes first Nigerian bank to get Green Climate Fund

The Development Bank of Nigeria Plc has obtained the Green Climate Fund Accreditation, becoming the first Direct Access Entity and the only authorized Nigerian channel for accessing green financing from the GCF. The Global Climate Fund, established by the United Nations Framework Convention on Climate Change to enhance the global response to climate change with […]

News Tech

Again, Netflix raises subscription in Nigeria to N7,000

Video streaming platform, Netflix, has raised the cost of its subscriptions in Nigeria once more. The Premium Plan will now cost N7,000 per month instead of N5,000. This marks the platform’s second price adjustment in three months with the introduction of the most recent price increase in April of this year. As of the time […]

Nigeria requires 550,000 housing units annually to tackle shortage, says Minister
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Nigeria requires 550,000 housing units annually to tackle shortage, says Minister

The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has emphasized the urgent need for Nigeria to construct 550,000 housing units annually, requiring a total investment of N5.5 trillion over the next decade to address the country’s severe housing deficit. This declaration was made during a meeting with the UK Build and Construction […]

New SEC regulation to enhance transparency in bank recapitalization
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SEC, AfDB demand green finance acceptance to drive eco-friendly economy

The Securities and Exchange Commission in partnership with the African Development Bank, have urged for a greater acceptance of green finance as a strategy to address climate change and promote a sustainable economy in the country. This was disclosed by the Director-General of the Securities and Exchange Commission, Emomotimi Agama at a capacity-building workshop for […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
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Senate passes amended finance act, increases bank windfall levy

The Nigerian Senate has passed amendments to the 2023 Finance Act, notably increasing the windfall levy on banks’ foreign exchange revaluation gains from 50% to 70%. The decision follows deliberations led by Sen. Sani Musa, Chairman of the Senate Committee on Finance, who presented the committee’s findings before the bill was approved. A pivotal amendment […]

Probe Dangote refinery-NNPC transaction, Ezekwesili tells FG
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Probe Dangote refinery-NNPC transaction, Ezekwesili tells FG

Former Minister of Education, Oby Ezekwesili, has demanded an independent audit to determine why the Nigerian National Petroleum Company Limited limited its investment in the Dangote Petroleum Refinery to 7.2% rather than the 20% that was originally envisaged. This follows the NNPC’s denial of owning a blending plant outside Nigeria on Tuesday. The comments came […]

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